Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.18B |
| 2 |
Apple
AAPL
|
+$1.11B |
| 3 |
Broadcom
AVGO
|
+$562M |
| 4 |
Amazon
AMZN
|
+$553M |
| 5 |
Palo Alto Networks
PANW
|
+$485M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$246M |
| 2 |
O'Reilly Automotive
ORLY
|
+$149M |
| 3 |
Cadence Design Systems
CDNS
|
+$149M |
| 4 |
Synopsys
SNPS
|
+$134M |
| 5 |
Chipotle Mexican Grill
CMG
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.24% |
| 2 | Healthcare | 13.33% |
| 3 | Financials | 12.09% |
| 4 | Consumer Discretionary | 10.85% |
| 5 | Industrials | 9.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2351
Arcutis Biotherapeutics
ARQT
$3.26B
| $8.93M | ﹤0.01% |
937,447
+129,080
| +16% | +$1.43M |
|
2352
Forestar Group
FOR
$1.5B
| $8.93M | ﹤0.01% |
395,846
+13,617
| +4% | +$262K |
|
2353
Kearny Financial
KRNY
$612M
| $8.92M | ﹤0.01% |
1,264,782
-26,542
| -2% | -$197K |
|
|
ALX
2354
Alexander's
ALX
$1.4B
| $8.91M | ﹤0.01% |
48,483
+1,646
| +4% | +$296K |
|
|
SBOW
2355
DELISTED
SilverBow Resources, Inc.
SBOW
| $8.91M | ﹤0.01% |
305,919
+63,643
| +26% | +$1.57M |
|
2356
FLEX LNG
FLNG
$1.65B
| $8.84M | ﹤0.01% |
289,654
+14,495
| +5% | +$464K |
|
|
CFB
2357
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $8.84M | ﹤0.01% |
883,593
-56,213
| -6% | -$580K |
|
2358
Atlanta Braves Holdings Series A
BATRA
$3.51B
| $8.79M | ﹤0.01% |
214,693
+10,775
| +5% | +$417K |
|
2359
Horizon Bancorp
HBNC
$1.06B
| $8.78M | ﹤0.01% |
843,686
+55,686
| +7% | +$553K |
|
|
TSE
2360
DELISTED
Trinseo
TSE
| $8.78M | ﹤0.01% |
692,606
+27,998
| +4% | +$452K |
|
2361
F&G Annuities & Life
FG
$3.95B
| $8.77M | ﹤0.01% |
353,843
+108,592
| +44% | +$2.13M |
|
2362
NextDecade
NEXT
$1.75B
| $8.76M | ﹤0.01% |
1,067,370
+12,844
| +1% | +$78.8K |
|
2363
United States Lime & Minerals
USLM
$3.32B
| $8.76M | ﹤0.01% |
209,640
+245
| +0.1% | +$8.58K |
|
2364
Midland States Bancorp
MSBI
$716M
| $8.76M | ﹤0.01% |
439,790
+14,591
| +3% | +$294K |
|
2365
Li Auto
LI
$13.4B
| $8.73M | ﹤0.01% |
248,715
-142,074
| -36% | -$4M |
|
|
NXDR
2366
Nextdoor Holdings
NXDR
$881M
| $8.72M | ﹤0.01% |
2,674,951
+1,431,239
| +115% | +$3.55M |
|
|
AAN
2367
DELISTED
The Aaron's Company Inc
AAN
| $8.69M | ﹤0.01% |
614,464
+18,926
| +3% | +$234K |
|
|
INST
2368
DELISTED
Instructure Holdings, Inc.
INST
| $8.69M | ﹤0.01% |
345,240
+18,126
| +6% | +$455K |
|
2369
First Mid Bancshares
FMBH
$1.4B
| $8.68M | ﹤0.01% |
359,491
-6,038
| -2% | -$150K |
|
2370
Cerus
CERS
$441M
| $8.66M | ﹤0.01% |
3,520,846
+134,414
| +4% | +$319K |
|
|
JOYY
2371
JOYY Inc
JOYY
$3.77B
| $8.65M | ﹤0.01% |
283,300
+18,484
| +7% | +$542K |
|
|
CATC
2372
DELISTED
CAMBRIDGE BANCORP
CATC
| $8.65M | ﹤0.01% |
159,347
+19,449
| +14% | +$1.08M |
|
|
SRDX
2373
DELISTED
Surmodics
SRDX
| $8.65M | ﹤0.01% |
276,373
+11,532
| +4% | +$263K |
|
2374
Enanta Pharmaceuticals
ENTA
$387M
| $8.64M | ﹤0.01% |
403,803
+8,727
| +2% | +$257K |
|
2375
Kiniksa Pharmaceuticals
KNSA
$5.96B
| $8.63M | ﹤0.01% |
612,652
+43,323
| +8% | +$580K |
|
Similar funds
Geode Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Geode Capital Management held 4,889 positions worth $851B, up 11% from $770B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 4.4%. Geode Capital Management opened 83 new positions and exited 132, leaving the 4,889-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 26% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2023 buy was Coupang: 4,567,454 shares worth $79.5M.
- Geode Capital Management added most to Microsoft in Q2 2023, an estimated $1.18B increase.
- Geode Capital Management's biggest Q2 2023 reduction was Procter & Gamble, cutting an estimated $246M.
- Geode Capital Management fully exited Evoqua Water Technologies Corp. Common Stock in Q2 2023, selling an estimated $111M.
- Geode Capital Management's ten largest holdings make up 26% of its $851B portfolio in Q2 2023.
- Geode Capital Management opened 83 new positions and closed 132 in Q2 2023.
- Geode Capital Management's portfolio value rose 11% quarter-over-quarter to $851B.
Based on Geode Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.